1 / 18

Budget Hearing

Budget Hearing. May 6 th , 2014 Cortland Junior-Senior High School 7:00 PM. Factors Influencing the Budget . Increase in Benefit Costs-4.87% Increase from 2013-14 Increase in Debt Service Costs – 18.9% Increase from 2013-14 Instructional Program Increases

tod
Download Presentation

Budget Hearing

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Budget Hearing May 6th, 2014 Cortland Junior-Senior High School 7:00 PM

  2. Factors Influencing the Budget • Increase in Benefit Costs-4.87% Increase from 2013-14 • Increase in Debt Service Costs – 18.9% Increase from 2013-14 • Instructional Program Increases • Projected Salary Increases-Based on current contractual obligations • BOCES Services Inflationary Increase-4% • Additional staffing to address AIS Math needs at elementary levels and junior senior high • Additional staffing at high school for student support services

  3. Principles of Budget Development • Decisions will be made based on what is best for students. • All programs will be evaluated on their merit for improving student achievement. • Striving to maintain a highly qualified, well trained and supported work force. • Preserving the fiscal integrity of the school district for years to come. • Looking for ways to deliver services in a more cost effective manner. • Reinvesting in the district both through operations and maintenance, instructional technology, and programs.

  4. State Aid Patterns • 2009-2010 - $18,215,631 • 2010-2011 - $18,215,631 • 2011-2012 - $18,215,631 • 2012-2013 - $18,324,924 • 2013-2014 - $18,379,898 • 2014-2015 - $18,640,142 • 2009-2010 - $1,946,951 • 2010-2011 - $1,844,175 • 2011-2012 - $2,415,099 • 2012-2013 - $1,811,325 • 2013-2014 - $1,126,675 • 2014-2015 - $536,288 Total Gap Elimination Adjustment: $9,680,513 Foundation Aid Gap Elimination Adjustment

  5. Budget Summary

  6. Three Part Budget Overview

  7. Revenue Overview • Tax Levy Overview • 6.582 % was the limit for 14-15 • Could raise $1,063,761 more than 13-14 • Limit is high due to a large amount of local share for the current capital project that is exempted • Recommendation to maintain same increase as last year-2.9% • Total Levy $16,631,392 • $468,718 Increase from 13-14

  8. Estimated Impact Per Town Based on 13-14 Assessments and Equalization Rates

  9. Estimated 14-15 Tax Bills based on 13-14 Assessments and Equalization Rates

  10. State Aid

  11. Revenue Summary

  12. Cost Containment • Utilize Teacher Retirement Breakage • Outsourcing of Tax Collection in 2014-15 • Negotiation of 3 Tier Prescription Drug Plan for Administrators Bargaining Unit • Use of Fund Balance-Tighter Budgeting Line by Line

  13. What were we able to do • No layoffs • Maintain all current programs • Address the elementary Math AIS needs • Begin to address maintenance and grounds needs • Conservative use of reserves

  14. Next Steps • Budget Vote-May 20th • Budget Hearing-Tonight • Budget Booklet/Budget Notice-May 7th • Budget Adoption-April 21st • Property Tax Report Card Due-April 21st • Questions or Comments?

More Related